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worldwide with the size of that economy including in japan, the united states, china. look at the trade figures worldwide. in 2010 trade grew coming out of the great recession 13.9%, and in 2011 it was 5%, and i think the final figures for last year, 2012, will be somewhere between 2.5 or 2.7. so it's no wonder that you have the problems that you do in major economies worldwide with the slowdown in trade. and i think that unfortunately, i think that we're going to see a continuation of the problems in europe at least for the most part of 2013, just take a look at the latest figures out of germany which was the strongest economy in the eurozone when it came out. and we have our own problems, as you're aware, here in the united states notwithstanding getting by the immediate crisis at the end of this year on the so-called fiscal cliff. all we managed to do was to put off some of the biggest decisions for another two or three months. so i think, you know, europe has managed along with a little help from ourselves and elsewhere has managed to cloud the world economy. in the case of japan, i
repatriating money that's already taxed to the united states will boost our economy and allow us to create jobs here and maybe could be tie intoed creating an infrastructure bank, but we need some fundamental changes. belief it or not we care more than anything else about the health of the economy, so deficit reduction is really big for us. we support the simpson-bowles, we're the only association that does. it hurts etch, it's shared sacrifice, it's painful even for us but we need stability in our finances as a country, and every responsible business should stand up and say that, and we're urging both sides -- republicans and democrats -- to recognize the pain has to be spread around. there's some things, patent controls that effects innovation. basically, people don't produce anything but lawyers. it's not really a good way to get a society. and from the smallest start-up to the biggest economy everyone's saying we need more certainty, you shouldn't be putting people out of work in actively-of run companies if they're don't even think they're breaking someone's patent. there has to be some ce
created. think about where we are today. what was the colonial economy? these are all drugs. .. and now we have turkish coffee, english tea time and of course of the fortunes that drove a lot in the european development. and so, long story short the reason have the world got colonized in some ways is because a bunch of old white men in europe couldn't get up so there you have sex, drugs and international relations but i tell the story because what we consider drugs is important so when the white males of european ancestry that drafted this 1961 convention got to read some of their favorite drugs that they got accustomed to policy, alcohol, you know, all these things they love to do. but coca was something indigenous people used and is the attitude that made them say this is forbidden, this causes degeneration, this is terrible stuff. but coca in its natural form is a very beneficial and relatively harmless. it's a very mild stimulus in my opinion and my personal experience two cups of coffee basically, so this thing that's hard to get across people in the united states these policy makers
washington d.c. virginia, maryland, the colonial economy was tobacco. these were all drugs and the first time a lot of these drugs were introduced back to europe people looked at them with revulsion. tobacco is a bizarre thing. why would you put fire and smoke into your mouth? .. >> and now we have, you know, turkish coffee, we have english tea time, and, of course, the tobacco fortunes that drove u.s. and european development. and so long story short, the reason half the world got colonized in some ways is because of a bunch of old white end men in europe couldn't get it up. [laughter] so there you have sex, drugs and international relations in a nutshell. [laughter] but i tell the story because what we consider drugs is important. and so when the mostly white males of european ancestry who drafted this 1961 international convention got to exempt all of their favorite drugs, the ones they were partial to and got accustomed to; coffee, alcohol, tea, you know, all these things that they loved to do. but coca was manager that indigenous -- was something that indigenous people
they were so-called developed economies. and so what i thought i would do here is just run through some of the lessons that we learned there that i think, unfortunately, shut up and looked at by the europeans. and they are only now starting to realize that they could have cut down the present negative situation because let's face it, europe as a whole, with a few exceptions, is in either a recession or stagnation. first, each country is unique. this is something they didn't want to see. greece adding the situation by longtime mismanagement on the fiscal side and raid the banks. in the case of ireland, it was the banks the drag the sovereign is -- sovereign as. in the case of portugal, with some portuguese in the audience here, it was basically a decade of no growth in portugal. in the case of spain, it was a bubble in real estate that was financed by mainly the savings and loan institutions, some of which have gone under, a number have gone under. and a government that basically drove up the deficit, and regional governments because regions are very important in spain, also drove up thi
policy. we don't live in a free market in the united states, we live in a mixed economy. it varies by industry. technology which by the way has done very well, the most regulated industry in the world this financial-services. that's where we had our biggest problem, not surprisingly because that's where we had our biggest problems. second of the policy created a massive disinvestment. they got focused on the residential real-estate market. the global burst as all due. at the large financial institutions that calls wall street and made serious mistakes. if i had been in charge of a but let the institutions fail. however the states were secondary and in the context of an incentive by government policy. almost everything we've done in the financial crisis started was a long time period even things that might be helping a low but in the short term will dramatically reduce the standard of living in the long-term. fifth point even though there's and a lot of economic financial causes the real cost to the real cure philosophical, and i'm going to focus on that in my presentation, and then
fundamental changes. believe it or not we care more than anything else about the health of the u.s. economy because that determines our future. we support the simpson -- it hurts everyone and it's painfully been for us but we need the stability and our finances as a country and every responsible business should stand up and say that. both sides republicans and democrats are recognizing the pain has to be spread around so those are big issues for us and their things that affect innovation. basically people don't produce anything but lawyers is not a good way to get a society and from the smallest to start up to the biggest company we need more certainty. and ginobli are violating patents and we shouldn't be putting people out of work and actively run companies if they don't even think there are breaking someone's patent. >> host: do a lot of members of congress fcc and other public officials attend here and what do you want them to leave with? >> guest: we try to get as many officials as possible. we have every commission from the fcc and a lot of the staff with the federal trade commission
economy was not a growing economy. it was a stagnating economy. virginia's agricultural economy was not a growing economy. but a stagnating one. and the reason why so many slaves were sold out of the upper south to the lower south is because in many ways there weren't new slaves needed in virginia and maryland and north carolina, where they were needed were in the new cotton lands of the southwest, and so an owner quite often might have what he considered excess capacity, and so he would sell off one or two slaves here. almost always breaking up families, because what sold and brought money in the market place were people aged 15 to 30 years. and so that usually meant breaking up families. husbands and wives, brothers and sisters, mothers and fathers and their children. and they would be sent to richmond, which was a bit of a gathering place, and most of the slaves purchased in richmond were purchased not by slave owners but by other slave traders. so then would take them hundreds of miles away, either marching them overland where the men would be chained together two-by-two, th
for the global economy. this is a little under an hour. >> a pleasure to see you all here tonight. as we know, happinesses is a relative thing, and i began the day this morning in the dentist's chair having a crown put in, and here by tonight i'm at politics & prose. so i'm a very happy man having gone from one extreme to the other. so it's a special pleasure to welcome you all here tonight and, gosh, standing room only. so this is marvelous. well, i thought i would begin by telling you a few stories about what the book is about and skipping the big structure and simply tell you some stories about some of the people who are in this book, because in the end it's very much about real people. so what kind of book is this? it's big, it's heavy -- [laughter] it's, you know, you may open it with a certain trepidation. but what it is is a memoir, first of all, a little bit of a memoir of my travels in russia. it's a memoir of a firm of the people -- of a number of the people who are in the book. we've gone through 20 years together, is so it's a memoir of the last 20 years since the soviet union fel
the five khmer -- primary cause. we live in a mixed economy not the free-market the least regulated technology has done very well the most regulated in the world is financial-services. that is very had the biggest problems. no surprise. government policy created a massive disinvestment focusing on the real-estate market that bubble burst. third, large financial institutions called wall street made serious mistakes. if i was in charge i would let the institutions fail but they were in sentiment by the government model but almost eerie thing we have done since the financial crisis started, even things that may have been in the short term would drastically reduce standard of living long term. number five, the real cost and kidder are philosophical. finally if we don't change direction in the united states faces serious long-term problems. we're doing bad things to our children and grandchildren. what happened? we built too much residential real-estate investor at least $3 trillion and it made as much as $8 trillion. too many houses, too big of houses in the wrong place we should invest
at the corporation that has greater revenues than the economies of many western nations. this is a little under an hour. >> hi. thank you so much for joining a state. congratulations on what is quite an achievement. >> thank you. >> first of all, i really enjoyed the book. it read like a novel. i mean, it really read like non-fiction in places, which are short and as a writer you encountered some of that feeling as well. i know as a reporter who has dealt with exxon mobil a good chunk of her career, how difficult it probably was to probe this company. let's start there. white exxon mobil? added you come to the subject? why this company? how was it -- how did it differ from some of your other subjects? >> it is an interesting -- to me it was an interesting journey because, as you point out, i started out as a business reporter on wall street when i was young. then i went abroad and worked on more national subjects. after september 11 the road about the origins of those attacks and 20 years of american covert policy in afghanistan. then after that was over i thought, i want to keep writing about
democracies, because of the nature of our energy economy, they all have big state oil companies. bp, and mexico, and most of the states have privatized them but even bp -- were article shatly stalestate owned as recent as the 1980s, exxonmobil is our state oil company. they're a much more coherent expression of our national energy policy then the federal government is, and they're just as powerful relative to the state as tal is so france and even more. so only in america would we have a state oil company that lives in opposition to the state in which it resides. rex tillerson recently told scouting magazine his favorite book is atlas shrugged by ayn rand, and it suggests an attitude of skepticism toward the government that is peculiar. now, a company in france or italy or britain would be -- would have all again to the same universities as the president of the united states, they would be buddies and a locking sense of world view and maybe even,s they would work arm in arm with the french government abroad in order to secure they're -- their interests, but this country, we're skept
. that is one point* $05 trillion of bills coming due than we have. if you did not grow the economy at all, a white reporter self in that position? the fed has increased its balance sheet they printed $2 trillion worth of phony many and ultimately the pain will fall on the middle-class and the very core. it is the most -- both parties say they want even if it means we lose our seat reporters cells first instead of the country. it is not hard any citizen if they read back in black there is common-sense ways to save money. just this last week the air force announced this year we spend $64 billion on miti projects 64 billion said gao says half of that will be wasted. it will never be completed. and back in black the city ought to cancel this because it will never work. this is out inefficient government is. finally the air force canceled the spent another 100 million first. they paid the settlement fee to cancel of $8 million. but the person responsible did not get fired and not held accountable. those that did not provide the service got their money back. nobody runs their household that way
his resignation, as the economy is recovering? all the way back to the french and indian war. a very young george washington was writing very romantic letters to a woman who was not mrs. washington. her name was sally fairfax. a very attractive, older, sophisticated neighbor. what if washington's letters had become public during the french and unanimous war or the revolutionary war? much as petraeus' e-mails became public? and what if we got rid of george washington? so bill clinton is not the first and not the worst. petraeus is not the first and not the worst. been there done that. there's a long history of it. in fact, it pains me to say that even abraham lincoln visited prostitutes. i know, say it isn't so but it happened. the details on it are sketch y, there's not a lot of letters written. but lincoln's best friend was joshua speed, and speed was perhaps as dashing and as handsome and as lucky with the ladies as lincoln was allegedly unlucky in romance. and speed felt sorry for lincoln, always calmed one another by their last names, speed, and lincoln. speed invited lincoln to
into the economy. once again, harry became one of the most visible members of the roosevelt administration and the new deal. he was on the cover of time magazine twice. he hung out with the kennedy family and other notable families of the time. in 1938 and 1939, the president's encouragement -- i have notes on us this -- harry began promoting himself as a presidential candidate. looking to the election in 1940. he leased a farm in iowa, of course. his hopes were dashed when hundreds were reporting a story about a comment that he allegedly made to a friend at the racetrack, which did not put the administration in a good light read the comment attributed to him was we shall tax and spend. whether true or not, of course, he denied it. it stuck with him for the rest of his life and became a rallying cry for those who hated roosevelt and the new deal. as if that wasn't enough, in september of 1939 when war broke out in europe, he found himself back at the mayo clinic. the doctors ruled out a recurrence of cancer, but they could not figure out why he was unable to absorb nutrients. so they gave
to the kids because the more our economy grows, teachers, professors grows, teachers, professors, entrepreneurs are the greatest natural resource in america is our children. long story short, a woman says this and i go at her and she comes at me and we say why don't we see what it is like to live on the snap program? i went to bet and i woke up and it was a big story. [laughter] i called my staff and said guess what i am doing? but it was a powerful thing because we're one of 14 cities in america that has a food policy director. i think all should. we have done a lot of work to expand affordable and healthy options. i said this is a great thing if we could not only raise apples of compassionate understanding to dispel the bad stereotypes' of the families on a snap and focus on the realities of that but the policy changes for a local level to address food insecurity and through desert and expand healthy options. i had a poignant moment where we think of our society as a whole. we had security guards in my office and talking with them because some of them make $7 and change per hou
with the heading air force one and he writes on one of them one step, 2 cabinet, 3 the economy in with the staff, the cabinet immediately and the congressional leadership. we know about incidents that occurred during that flight or in one case just before it took off when lyndon johnson called to robert kennedy. these at the to to to have hated each other all their lives. at the time, kennedy is having lunch, he had a house in virginia called hickory hill, a big old house. then there's a long green lawn its slowed down. robert kennedy is sitting at a table with robert morgan who is jewish attorney for new york and two things happen simultaneously. all of a sudden the house is being repainted, there was a guy on the latter and all of a sudden he claps the shortwave transistor radio to his year,s down a ladder and starts to run towards us as fast as he can and at that moment the telephone rings on the table on the other side of the swimming pool and kennedy gets up and and does it and says to robert kennedy it is j. edgar hoover and hoover is telling robert kennedy that his brother had been hit an
and regulation constitutes ethnic collapse. it says to improve the economy, we need to adapt. free-market policies. it's about 50 minutes. [applause] ..
the streets of tehran who has seen iran's economy is not collapsing or attacked or range of iranian could possibly think that sanctions are working in a way that will compile the islamic republic conclusion ursa minor to american demands on the nuclear issue. that is delusional. on the arab awakening, the same tendency save actions are working and they seek to embrace the defined proposition at the same social current of pro-american leaders in tunisia and egypt are empowered islamists across the arab world will in iran somehow transformed these tonic republic into a secular liberal state. that is truly logic defined. in tehran, we can tell you iranian policymakers and analysts see the arab awakening is usually passes for the regional position. they judge correctly that any arab government which becomes warmer sentiment of the people's beliefs, concerned were also become less enthusiastic about strategic cooperation, let alone israel and foreign policy independence. tehran doesn't need. government to need more program in. plus pro-american, less pro-israel and more independent. more part
economy grows. arches, teachers, professors and entrepreneurs can you name it, all the children. the greatest natural resource we have in america is our children. again, under cultivated. long story short, late at night this woman said this and i go back at her and she goes back to me and i said finally, why don't we see what it's like to live on food stamps or the snap program. and so i went to bed thinking no big deal. i woke up and it was a big story. [laughter] and so i called my staff and i said, guess what i am doing? but it was a powerful thing, because newark is one of 14 cities in america that has a food policy director and i really think ought -- all city should have. we have done a lot of work on trying to expand affordable healthy options. the more i talked to my food policy director, this is a great thing. we cannot but raise the level of compassion and understanding and this bill bad stereotypes about snap and families that are on snap, and focus them instead on the realities of that but also about the policy changes we could be making at a local level to empower,
clinton over the monica lewinsky thing, but on one level you could say the economy's booming, we're at peace, you know? fantastic things are happening. and we're angry because a president received consensual favors from a young woman. well, here's your news flash, right? read the book. whereas in france, you know, the joke is they wouldn't elect a leader or who didn't have multiple mistresses. [laughter] i don't want a gelding in this race, right? i want a bull in this race kind of a thing. what we see is americans tend to have, i guess, a bit more of a prudish view towards sexual affairs than folks around the world. and at the end of the book, i think in the last chapter, i offer some comparison that this thing happens all around the world, but we in the united states tend to be a little more infatuated. is it because of our freedoms? is it because we don't have a royal family that we can, you know, be fascinated with? is it because of reality tv? is it because of declining standards? i don't know what it is. but, france has had a number of leaders with multiple mistresses who h
. if you didn't grow the government or the economy at all why have we put ourself in that position? and so the fact is we're now, the federal reserve has increased its balance sheet. of in other words, it's created $2 trillion worth of funny money. they printed $2 trillion worth of money and, ultimately, the pain of that is going to fall on the middle class and the very poor in this country. and it's going the defeat what both parties say they want. and yet we don't have the courage today to make the tough choices even if it means we lose our seats to secure the future for this country. we put ourselves first instead of the country first. it is not hard. if -- any american citizen if they read "back in black," they can go to our web site and read it, there's a lot of common sense ways to save money in there. just this last week the air force announced, this is a great example. in the federal government this year we're going to spend $64 billion on i.t. projects. that's $64 billion. the gao says at least half of that will be wasted. in other words, it'll never get completed, it's never do w
say simply that no one who has walked the streets of tehran who has seen that iran's economy is not collapsing or who's talked to a range of iranians could possibly think that sanctions are working in a way that will compel either the islamic republic's implosion or its surrender to american demands on the nuclear issue. that is delusional. on the arab awakening, the same pundits who say that sanctions are working advise you to embrace the logic-defying proposition that the same social currents that depose pro-american leaders in tunisia and egypt and are empowering islamists in countries across the arab world will, in iran, somehow transform the islamic republic into a secular/liberal state. that is truly logic-defying. in the tehran we can tell you -- in tehran we can tell you iranian policymakers and analysts see the awakening as hugely positive for the islamic republic's regional position. they judge, correctly, that any arab government which becomes at all more representative of it people's beliefs, concerns, etc., will also become less enthusiastic about strategic coope
Search Results 0 to 22 of about 23